"Artificial intelligence has been the most consequential catalyst for the stock market that may surpass the dotcom boom when it's all said and done. However, unlike the dotcom boom, the AI boom is fueled by revenue growth, successful products, and sustainable companies. Nvidia ( NASDAQ:NVDA) has been the AI ringleader, but you might want to set your sights on other AI stocks for higher returns."
"Broadcom ( NASDAQ:AVGO) is the second-largest AI chipmaker by market cap and has outperformed Nvidia this year. Shares are up by 53% so far, and the strong demand for AI chips suggests that Broadcom can build on its gains. The tech giant posted 22% year-over-year revenue growth in the third quarter, while more than quadrupling its net income. Broadcom's surging profit margins and revenue growth come amid the company's AI segment growing by 62% year-over-year."
Artificial intelligence has become the most consequential catalyst for the stock market and may ultimately surpass the dotcom boom. The AI expansion is driven by revenue growth, successful products, and sustainable companies rather than speculative bubbles. Nvidia leads the AI market but its massive market capitalization makes further outperformance more difficult. Smaller AI-related companies can deliver higher returns over the next several years. Broadcom has emerged as the second-largest AI chipmaker, reporting strong revenue and net income growth and a 62% AI segment increase. AMD has gained momentum, doubling year-to-date and targeting aggressive long-term compute and data-center growth rates.
Read at 24/7 Wall St.
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